UK shale gas projections “wildly optimistic”, campaigners say

Posted by BusinessGreen: Will Nichols on May 21st, 2013
BusinessGreen: Campaigners have decried as "wildly optimistic" a report claiming shale gas is poised to make a big contribution to the growth of the UK economy. A new paper by the Institute of Directors, sponsored by shale gas firm Cuadrilla Resources, says pressing ahead with exploiting shale gas could create a £3.7bn industry supporting 74,000 jobs and generating significant revenues for the Treasury. The IOD also claims domestic shale could reduce the country's emissions if it is used to replace coal power,......

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